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People who have diabetes have a high potential to develop vascular diseases, peripheral neuropathy, and infections, especially in the lower limbs. In the diabetic condition, it is recommended to wear socks and footwear that can decrease or eradicate compressions in the sensitive areas is essential. A diabetic sock is a lenient but fitted sock that is shaped to relieve pressures on the foot or leg. Typical diabetic socks can also help to manage dampness, which can reduce the risk of infection. Another advantageous characteristic of diabetic socks is a unified toe seal to avoid pressure, potential areas of tension, and raging. The technological developments in the diabetic socks market are anticipated to boost the market growth. These socks utilize the sensors to monitor temperature, foot joint ankles, and pressure to notify the potential progress of sores in the vulnerable areas with nerve damage. Smart diabetic socks can significantly reduce the occurrence of foot ulcers and infections.
Key Market Driver -
increase in prevalence of diabetes and technological advancements are projected to boost the market
Key Market Restraint -
lack of awareness among the people is likely to hinder the market growth.
The increase in incidences and prevalence of diabetes is the major factor for the growth of this market. World Health Organization (WHO) estimated that around 422 million people have diabetes, and it is one of the leading causes of death in the world. Moreover, the growth of the market can be attributed to an increase in the risk of foot ulcers in diabetic patients due to the rise in the blood sugar level and rising efforts by people in self-care treatments. Furthermore, characteristics offered by diabetic socks such as protection from feet injuries, reduction in irritation & sensitivity, moisture management, and reduced risk of infection are likely to promote the demand for the diabetic socks market.
However, factors such as high cost and the lack of awareness among the population will also hinder the market growth
The global diabetic socks market can be segmented on the basis of features, gender, distribution channel, and region. Based on the features, the market can be segmented into regular socks and smart socks. Based on the intended use, the market can be segmented into men, women, and unisex. Based on the distribution channel, the market can be segmented as retail stores, hospital pharmacies, and E-commerce.
Geographically, the diabetes socks market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global diabetes socks report Siren, Simcan, INTERSOCKS, Scholl’s Wellness Co., Cupron, Therafirm.com, SIGVARIS GROUP, Health Vistas, and other prominent players.
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Geographically, the diabetes socks market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is likely to account for the largest share of the global Diabetes socks market. It is also anticipated to retain its ascendancy throughout the forecast period. This region is expected to prove a lucrative market for the Diabetes socks market due to an increase in diabetes patients and high awareness regarding self-care treatments. Moreover, the presence of smart socks player Siren in the region is further expected to drive the growth of the smart Diabetes socks market. Europe's market is likely to hold the second-largest share in the market due to the rise in the prevalence of diabetes and the tendency to adapt to new technology. However, Asia-Pacific possesses the high market potential for the growth of the market due to the increase in diabetes patients, rising disposable income, and growing awareness regarding diabetes care.
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